The Bank of England and Financial Services Bill 2015-16 had its second reading in the House of Commons this week. During the debate, it was noted that the government intended to introduce the following amendments to the Bill during the committee stage: (i) a new duty on the FCA to cap excessive early exit charges; (ii) new powers for HM Treasury to provide financial assistance to National Trading Standards' illegal money lending team; and (iii) the FCA will also be given the power to collect a levy from consumer credit firms to fund the funding of the illegal money lending teams.  The Bill will now proceed to the committee stage in the House of Commons, which should be concluded by 23 February 2016.